Romney Dislikes Ron Paul's Budget Fix

Posted: Thursday, May 10th, 2012

"My job is to get America back on track to have a balanced budget," [Romney] told attendees at a suburban Cleveland town hall event Monday. "Now I'm not going to cut $1 trillion in the first year," he added - a clear jab at Paul's plan. "Why not, someone in the crowd apparently asked," according to the Times.

"The reason," Romney explained, "is taking a trillion dollars out of a $15 trillion economy would cause our economy to shrink [and] would put a lot of people out of work." This, of course, is pure Keynesian economics - the idea that the economy cannot grow without massive government spending. History proves otherwise: The economy stagnated while the government spent more and more during the Great Depression, but it took off when federal spending plummeted after World War II.